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Top fund manager Saurabh Mukherjea, who believes that taking a call on a smallcap company is akin to taking a call on the promoter, says smaller companies are, by and large, family-owned and family-operated businesses usually involving a single promoter or a few promoter family members who are at the helm of the affairs.

Another leading brokerage, CLSA has maintained its outperform rating on RBL Bank, with a target price of Rs 130, hinting at a 15 per cent gain from its previous close of Rs 114.45.

A total of 758 shares changed hands on the counter till 10:35AM (IST).

“As interest rates rise and inflation does not get controlled, we see see defaults among people who are already struggling to pay those EMIs. We have operated in a very benign interest rate environment for far too long. It is simply not possible that there will never be any pain in the banking sector”.

NHPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 32997.94 Crore) operating in Power sector.

Among Sensex stocks, Bajaj Finance plunged 3.43 per cent to Rs 5,473. Bajaj Finserv tanked 3.31 per cent to Rs 11,845. Kotak Mahindra Bank dropped 3.30 per cent to Rs 1,734. IndusInd Bank, ICICI Bank, SBI and HDFC slid over 3 per cent each.

Stocks that were in focus included names like Suzlon which fell more than 3 per cent, Indiabulls Housing Finance which fell by over 4 per cent, and IIFL Finance which rose by over 7 per cent on Friday.

Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 63254.41 Crore) operating in Defence sector.

"A sustainable transformation is the market transition we are making whether in EV or fuel, renewable energy and carbon capture and the huge commitment towards biodiversity and water consumption," said N Chandrasekaran while replying to a question on the green mobility.

Metropolis chief executive Ameera Shah and her family has initiated a formal process to sell the controlling promoter stake and is understood to have hired investment bank Barclays to initiate a formal sale.